Is Flat River Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Flat River Township has remained a Seller's Market.
Key Takeaway
Flat River Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Flat River Township, NC
How much do homes in Flat River Township, NC cost?
Median Sold Price
$370,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Flat River Township have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Flat River Township was $370,000 in March 2024, up 9.6% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $212.4K | $380K | +78.9% |
| 3 Bedrooms | $325K | $367.5K | +13.1% |
| 4 Bedrooms | $425K | $470.5K | +10.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Flat River Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 78.9%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Flat River Township | $337.5K | $370K | +9.6% |
| Timberlake | $367.5K | $375K | +2.0% |
| Rougemont | $364.9K | $368.5K | +1.0% |
| Hurdle Mills | $342.6K | $325K | -5.1% |
Housing Supply in Flat River Township, NC
How many homes are available in Flat River Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Summary: The Flat River Township real estate market had 11 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Flat River Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Flat River Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Flat River Township in March 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Flat River Township, NC
How long does it take to sell a home in Flat River Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 83 Days | +51.8% |
Summary: Homes in Flat River Township had an average of 83 days on market in Mar 2024, up by 51.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Flat River Township has remained consistent over time.
Summary: During March 2024, 2 homes were sold in Flat River Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.